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DLF sells around 90 independent floors worth Rs 300 cr in Gurugram

Monday, 30 Nov 2020
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DLF, a real estate developer, has sold nearly 90 independent floors worth more than Rs 300 crore in Gurugram, Haryana and plans to launch more such projects as demand for premium residential properties has revived in last few months. 
It plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula, among others. 
The company had recently launched 88 residences in the form of premium independent floors at a price point of Rs 3.75-4.25 crore each, spread across 22 plots, in the DLF City Phase-3 in Gurugram.
The company plans to launch similar units in Panchkula, Tricity, New Gurugram and wherever there is an opportunity in DLF Phase-1 to -4.
The plotted developments continue to remain an attractive investment option due to lower investment cost, vis-a-vis ready-to-move-in properties. 
The plotted developments have witnessed a manifold appreciation in investment in past few years.  
The company is targeting to achieve sales bookings of Rs 2,500 crore in FY21, marginally better than previous year, despite COVID-19. During FY 20, the company’s sales booking stood at Rs 2,485 crore. 
The company’s sales bookings in H1/FY21 crossed Rs 1,000 crore as sales in Q2/FY21 rose to Rs 853 crore from Rs 152 crore in Q1/FY21. The company is targeting to achieve Rs 750 crore sales each in Q3/FY21 and Q4/FY21.
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